Microvision Inc. Q1 loss increases in line with estimates

(RTTNews) - Microvision Inc. (MVIS) announced Loss for its first quarter that increased from the same period last year in line with the Street estimates.

The company's bottom line came in at -$19.03 million, or -$0.11 per share. This compares with -$13.17 million, or -$0.08 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 122.9% to $0.78 million from $0.35 million last year.

Microvision Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$19.03 Mln. vs. -$13.17 Mln. last year. -EPS (Q1): -$0.11 vs. -$0.08 last year. -Analyst Estimate: -$0.11 -Revenue (Q1): $0.78 Mln vs. $0.35 Mln last year.